Chevron Says FX Effects Increased Earnings — Currency Comment

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Chevron Says FX Effects Increased Earnings — Currency Comment

By Paulo Trevisani Chevron Corp. said Friday foreign currency effects increased third-quarter earnings by $624 million. The company report

By Paulo Trevisani

Chevron Corp. said Friday foreign currency effects increased third-quarter earnings by $624 million.

The company reported earnings of $11.2 billion in the quarter, up from $6.1 billion a year ago.

The FX contribution breaks down to $440 million in the international upstream operations, $179 million in international downstream and $5 million in “all other” effects, the San Ramon, Calif., oil major said.

The DXY dollar index is rising 0.3% Friday.

Write to Paulo Trevisani at [email protected]

(END) Dow Jones Newswires

10-28-22 1220ET

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